Post by
forkliftguy on Jan 23, 2022 9:09am
Alan's newspaper comments this week
I don't think Alan could be more negative if he tried in the newspaper comments this week . I think the stock price is where he would like it ---- AT THIS TIME . If this was a poker game , I would either call or raise Alan on this one . I suspect a sunny Spring time coming for Stelco stock . Trying to answer Numbers question ----- I think before the auction buyouts that Stelco has 600 million minimum in cash and land value of three quarters of a billion dollars IF indeed they have 1000 acres of land . Not sure of the amount of serviceable land available. Perhaps someone in the know could clarify the acres of land available for sale ?? . Steel is still trading at over 1400 U.S. or about $1750 . Canadian dollars . LOTS of profit at these prices . Just one retired salesman's opinion .
Comment by
Reitguy on Jan 23, 2022 10:30am
I read a couple articles that suggested 500 and 800 acres so ill assume 500 and the rest is bonus.
Comment by
Reitguy on Jan 23, 2022 10:41am
It will be interesting to see how Alan's comments affect the Dutch auction if he manages to get the buyback completed at the low end of the range i will be impressed after all we were all scratching our heads when the announcement was made... and the stock was in the 40's can't wait for that announcement
Comment by
pantono1 on Jan 24, 2022 2:31am
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